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The IPO is expected to raise between $1bn and $15bn and give the company greater access to the US market as it seeks to grow its business outside China.

Analysts have estimated the entire company, founded in 1999, could be worth as much as $200bn, which is more than Amazon, eBay or Facebook, reported the Guardian.

Alibaba, the biggest online retailer in China, has not yet revealed how many shares it intends to sell, their price range and whether it plans to list on the tech-heavy Nasdaq or the New York Stock Exchange.

The IPO filing gave investors the first glimpse at the firm’s finances, stating that it generated revenues of $6.5bn in the nine months to the end of December 2013 with a net profit of $2.9bn, reported the BBC.

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